XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Cash Flows (USD $)
6 Months Ended 89 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Cash flows from operating activities      
Net income (loss) for the period $ 578,672 $ (768,164) $ (1,672,654)
Adjustments to reconcile loss to net cash used in operating activities      
Amortization expense 44,141 44,141 183,921
Inventory obsolescence expense 0 0 90,500
Gain on sale of product rights 0 0 (64,900)
Gain from additional consideration received from Apricus (1,000,000) 0 (1,000,000)
Contributions to capital by related parties - expenses 0 0 58,799
Contributions to capital by related party - forgiveness of debt 0 0 38,950
Common shares issued for services 0 0 30
Write down of mineral property acquisition costs 0 0 5,000
Stock based compensation 132,138 115,492 346,050
Changes in operating assets and liabilities; net of effects from acquisition of Granisol product line and mineral property interest      
Decrease (increase) in accounts receivable 40,927 24,455 (65,708)
Decrease in inventories 2,169 7,259 26,680
Decease (increase) in prepaids and deposits 2,755 (9,851) (15,586)
Increase (decrease) in accounts payable and accrued liabilities 6,230 (14,279) 394,190
Cash used in operating activities (192,968) (600,947) (1,674,728)
Cash flows from investing activities      
Acquisition of mineral property interest 0 0 (10,000)
Proceeds from sale of product rights 0 0 64,900
Acquisition of Granisol product line 0 0 (1,000,000)
Cash used in investing activities 0 0 (945,100)
Cash flows from financing activities      
Decrease in due to related party 0 0 0
Proceeds from issuance of promissory notes 0 250,000 705,000
Common shares returned to treasury 0 0 (5,000)
Proceeds from issuance of common stock 0 0 1,985,000
Cash provided by financing activities 0 250,000 2,685,000
Increase (decrease) in cash and cash equivalents (192,968) (350,947) 65,172
Cash and cash equivalents, beginning of period 258,140 549,392 0
Cash and cash equivalents, end of period $ 65,172 $ 198,445 $ 65,172